Microsoft plans to offer Yahoos $1.5 billion if they'll stay with the company

During proceedings in a shareholder lawsuit against Yahoo's board, Microsoft lawyers said that the company has set aside $1.5 billion to retain Yahoo employees. This cash is separate from a Yahoo board-approved severance package that guarantees two years' pay to anybody laid off after a change in control. Already,…
'Times' Rescinds Buyout Packages For Six Laid-Off Employees
We're hearing that the New York Times has changed its mind about giving buyout packages to six of the employees eliminated in newsroom layoffs announced last month. Instead of a package that would have included benefits for a time, they'll walk away with severance packages, which don't include benefits. A source…
